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Sep 28, 2012
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also steve jobs as you have never seen him before. you'll see what we're talking about right after this. as we head to break look at this morning's early movers on wall street. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. take a look at the data feedback. i
also steve jobs as you have never seen him before. you'll see what we're talking about right after this. as we head to break look at this morning's early movers on wall street. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado...
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Sep 28, 2012
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with more on what's going on, steve? >> reporter: yeah, very good to see you guys aguy. in five hours' time that's when we're told we'll get this announcement which is the second part of a two-act drama. yesterday we had the first act which was the budget which pretty much ticked all the boxes from a european commission point of view, ie, spain was playing ball with all of the desires to work toward a fiscal compact and to work towards better regulation and better deficit control of the region. and today it's all about the banks, the big audit is expected to show a shortfall of bank funding of somewhere in the region of 62 billion euros. a lot of question marks about whether it's a 62 billion euros or actually under underestimates significantly how much money they need to raise, it's not about the big guys which are deemed to raise money whenever they want, it's about the second tier and third tier banks and we think the likes of bank inter will be at the crux of this. but questions remain whether they'll have to unload assets into a bad bank at a lower level than they'v
with more on what's going on, steve? >> reporter: yeah, very good to see you guys aguy. in five hours' time that's when we're told we'll get this announcement which is the second part of a two-act drama. yesterday we had the first act which was the budget which pretty much ticked all the boxes from a european commission point of view, ie, spain was playing ball with all of the desires to work toward a fiscal compact and to work towards better regulation and better deficit control of the...
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Oct 3, 2012
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steve jobs was viewed as bono, bond and beethoven. you don't want to spend anytime with the microsoft guys and i know steve. i sat next to him at a reunion. but when you read walter isaacson's biography of jobs. he was a man, and everyone wanted to hang with him because he was the coolest man in the room. meanwhile, google is the logical heir to apple. google has all the monetizing momentum you could have on your cell phone and that is why the stock is going higher. the default go to tech name is google. it is the financial equivalent of a judgment over who is cool. google is and microsoft isn't. the gulf is growing, which is why google up here is the one to own. stay with cramer. >> reports after the bell. i tell you i do not comment or recommend stocks on a takeover basis. it is going to send sprint further down. jim, are you abandoning sprint?
steve jobs was viewed as bono, bond and beethoven. you don't want to spend anytime with the microsoft guys and i know steve. i sat next to him at a reunion. but when you read walter isaacson's biography of jobs. he was a man, and everyone wanted to hang with him because he was the coolest man in the room. meanwhile, google is the logical heir to apple. google has all the monetizing momentum you could have on your cell phone and that is why the stock is going higher. the default go to tech name...
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Oct 2, 2012
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steve bomber before bill games was viewed as a suit. steve jobs was viewed as bono. you don't want to spend anytime with the microsoft guys and i know steve. i sat next to him at a reunion. but when you read walter isaac son's by of fee of jobs. he was a man, and everyone wanted to hang with him because he was the coolest man in the room. meanwhile, google is the logical heir to apple. go google has the momentum you could have on your cell phone and that is why the stock is going higher. the gee fault go to tech name is google. it is the financial equivalent over who is cool. google is and microsoft isn't. which is why google up here is the one to own. stay with cramer. in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [
steve bomber before bill games was viewed as a suit. steve jobs was viewed as bono. you don't want to spend anytime with the microsoft guys and i know steve. i sat next to him at a reunion. but when you read walter isaac son's by of fee of jobs. he was a man, and everyone wanted to hang with him because he was the coolest man in the room. meanwhile, google is the logical heir to apple. go google has the momentum you could have on your cell phone and that is why the stock is going higher. the...
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Sep 25, 2012
09/12
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stick around there, steve. more reaction to all this right now. >> we bring in peter bookbar as well as christopher wayland. chris chris, are you surprised this survey shows romney is better on debt and obama is better at the economy? >> no. it remind me of 1936 when fdr ran for re-election. unfortunately, they were wrong and we went into a terrible decline after that. you know, americans are naturally optimistic. they see that kay shiler is up the past three months. they figure housing is getting better. i can tell you from our perspective at tangent where we spend our time raising money for funds and private companies, that's not the case. >> peter, what about in the meantime we have the fiscal cliff issues. is that keeping the markets in check right now? what do you think investors are waiting for or hoping for come december 31? >> well, the s&p 500 is near a multiyear high. i think the fiscal cliff is not what they're thinking about right now. i think right now, and i specify that the market's time has shru
stick around there, steve. more reaction to all this right now. >> we bring in peter bookbar as well as christopher wayland. chris chris, are you surprised this survey shows romney is better on debt and obama is better at the economy? >> no. it remind me of 1936 when fdr ran for re-election. unfortunately, they were wrong and we went into a terrible decline after that. you know, americans are naturally optimistic. they see that kay shiler is up the past three months. they figure...
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Oct 2, 2012
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today, she is steve liesman's special guest. steve? >> tyler, thanks very much. she has been called america's top financial diplomat and is a special guest at a fortune magazine most powerful women conference in california. lael brainard joins us now. welcome to "power lunch," lael. >> it's a pleasure to be here. >> let's talk what tyler was talking about, this issue of spain and the question of whether or not it's going to ask for aid and trigger that ecb program. is it your opinion, the opinion of the u.s., that the europeans are following through on their latest set of commitments when it comes to solving their financial crisis? >> well, you're right, they've made a series of very important commitments over the course of the summer and into the fall. they are much better prepared. they have a set of tools that can help governments like spain continue to access the markets at affordable rates while they continue making these very challenging reforms. we have seen a number of developments in spain in recent days. we have seen a budget come out that continues to
today, she is steve liesman's special guest. steve? >> tyler, thanks very much. she has been called america's top financial diplomat and is a special guest at a fortune magazine most powerful women conference in california. lael brainard joins us now. welcome to "power lunch," lael. >> it's a pleasure to be here. >> let's talk what tyler was talking about, this issue of spain and the question of whether or not it's going to ask for aid and trigger that ecb program....
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Oct 3, 2012
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steve leisman and diana olick are all over the data points. steve, the latest jobs data, is it changing in any way the expectations for this friday's employment report? >> not a lot. economists would like to go from the adp data to higher estimates but it's not been that great over the past couple months. there's a lot of of caution out there among wall street economists. data this morning -- up 162,000 from the private sector. that's a bit better than expectations which were in the 150,000, 155,000 range. in august it was revised down to 189,000. the non-farm payroll estimates. we won't know until friday if that is higher. here's the misses we've had over the past three months. it's been 63,000 heavy compared to the bls private sector report. you can see over the course of the year it's been a little bit on the high side making economists wary about upping their estimates. what has been a little bit on the up side is jobless claims. other data that helped buoy optimism, slightly higher than claims in last month's survey week. the ism jobs man
steve leisman and diana olick are all over the data points. steve, the latest jobs data, is it changing in any way the expectations for this friday's employment report? >> not a lot. economists would like to go from the adp data to higher estimates but it's not been that great over the past couple months. there's a lot of of caution out there among wall street economists. data this morning -- up 162,000 from the private sector. that's a bit better than expectations which were in the...
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Sep 27, 2012
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steve is a technology strategist at ubs, a buy rating on apple and a $780 price target which steve is on the low end of street consensus, actually. and this morning you were voicing some concerns based on channel checks with skyworks and some others about the supply of components. and you say that will actually decrease the number of units sold in the zm quadecember quar. >> well, that's right. my colleagues and i believe there may be constraints on the iphone 5 near term. we're looking for 38 million phones to be shipped in the december quarter. we were at 44 million. our sense is that probably due to the touch display, it's going to be difficult for apple to ship more than, say, 40 million or so. so we're taking a built of a conservative attack here. it's very much a supply issue. it's not a demand issue. we continue to think the stock should rise over the next 12 months. >> we have seen the stock decline ever since the first weekend of sales of iphone 5 as there are more concerns that perhaps they're not able to meet the demand out there. do you think that the stock has accurately
steve is a technology strategist at ubs, a buy rating on apple and a $780 price target which steve is on the low end of street consensus, actually. and this morning you were voicing some concerns based on channel checks with skyworks and some others about the supply of components. and you say that will actually decrease the number of units sold in the zm quadecember quar. >> well, that's right. my colleagues and i believe there may be constraints on the iphone 5 near term. we're looking...
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Sep 26, 2012
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back to you. >> steve, thank you very much. oil taking a tumble. just how low can it go? how low can stocks go? your next guest says to get ready for a big drop soon. later, the doug flutie tech trade. three companies throwing hail mary passes. who will score and who will drop the ball? that's coming up. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ♪ [ male announcer ] introducing a stunning work of technology. introducing the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going
back to you. >> steve, thank you very much. oil taking a tumble. just how low can it go? how low can stocks go? your next guest says to get ready for a big drop soon. later, the doug flutie tech trade. three companies throwing hail mary passes. who will score and who will drop the ball? that's coming up. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations...
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Oct 2, 2012
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steve in california, steve? >> caller: sunny california beach boo-ya to you from california. >> well, you've got the edge on me. >> caller: right on highway 1. >> all right. >> caller: news corp, they're going to be splitting up maybe. hear that might be a publishing side and entertainment side -- >> 30 bucks, 30 bucks. that's where stephanie link and i think it is headed. she's co-portfolio manager with me. we think there's a $30 number that comes when you break that into the pieces. it's a win. do you yahoo!? i think ceo marisa mayer is what yahoo! needed. i think she has what it takes to turn this company around. particularly when it comes to unlocking value. and the sum of its parts. congratulations, marisa. stay with cramer. >>> coming up, industrial strength, prologis is at the center of the global supply chain. operating a portfolio of distribution centers, warehouses and commercial real estate around the world. tonight, cramer is talking to the ceo to get a real read on the economy. >>> it is time, it's
steve in california, steve? >> caller: sunny california beach boo-ya to you from california. >> well, you've got the edge on me. >> caller: right on highway 1. >> all right. >> caller: news corp, they're going to be splitting up maybe. hear that might be a publishing side and entertainment side -- >> 30 bucks, 30 bucks. that's where stephanie link and i think it is headed. she's co-portfolio manager with me. we think there's a $30 number that comes when you...
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Sep 25, 2012
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we have not had that as of yet. >> richard, it's steve. just to be -- there's a couple of different waves that are in the dow theory. so if we do indeed get to your points, where do you see the s&p? i don't want to put you on the spot, but do you see us retracing a third of the move, 50% of the move, and where are you starting the move from just for the viewers? is it 12.60 in the s&p where we bounced? where do we start that move? >> well, i mean, a typical kind of retrace of about 1/3 to 2/3 of that move that we've had since the june lows, so i think you're talking in that range of 12.50 to 13 if you're just doing the rough math. one of the cardinal moves of the dow theory is you can't tell -- it doesn't tell you the duration nor the extent of a move. it tells you the trend. when we're going to new highs, you kind of assume that the trend is your friend. when you're going to new lows, you know, you assume that the trend is down, and what we're seeing now is massive divergence. we're kind of -- i would rather not put words in the mouth of
we have not had that as of yet. >> richard, it's steve. just to be -- there's a couple of different waves that are in the dow theory. so if we do indeed get to your points, where do you see the s&p? i don't want to put you on the spot, but do you see us retracing a third of the move, 50% of the move, and where are you starting the move from just for the viewers? is it 12.60 in the s&p where we bounced? where do we start that move? >> well, i mean, a typical kind of retrace...
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Sep 27, 2012
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let's go to steve in florida. >> caller: boo-yah, jim. >> boo-yah, steve. >> caller: i just wanted to say thank you for everything you do for us people. >> i'm doing my best, thank you for that, it's great that you said it. >> caller: i have made enough money, jim, i moved from pennsylvania to florida this month. >> good for you sunshine. i was talking about doing that judgment the other day, saying you know what? when this gig is over, which may not be for another 40 years, i would move to florida. >> caller: it's beautiful, but my big question is here is winn resorts. we all know winn is twaes $125 stock, but with winn slipping here again, even though they were up a little bit today, with the china stimulus, that's going to help the stock come back up, isn't it? >> i agree with you, i got to tell you winn surprises me that it's down that much. vegas hasn't been that hot. i'm bullish on wynn. that hunt mean it can't go down ten, but i think it does go up 25%. >> bill. >> caller: my question is this, gm is already doing well with china, with the proposed stimulus package they're talki
let's go to steve in florida. >> caller: boo-yah, jim. >> boo-yah, steve. >> caller: i just wanted to say thank you for everything you do for us people. >> i'm doing my best, thank you for that, it's great that you said it. >> caller: i have made enough money, jim, i moved from pennsylvania to florida this month. >> good for you sunshine. i was talking about doing that judgment the other day, saying you know what? when this gig is over, which may not be for...
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Sep 29, 2012
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if you own splunk listen to the steve miller band. yes, go on, take the money and run before those shares hit the market. >>> time for tweets. we had quite a reaction to our day of atonement show on wednesday which really meant a lot to me many true cra-americans know i do the show for you and i work hard every day to try to do the right thing to help you and your family save. when i get these messages i got to redouble my efforts to ignore the haters and stay true to our mission here. i'm going to share a few of them with you now to kick this off. the first is from john earl bernett who says "to all the @jimcramer naysayers, how many of you admit when you're wrong? kudos to you, jim, great show. from @kay shawn 17 who writes "is there anyone else who would even think of spending one hour admitting their mistakes over the past year besides @jimcramer on "mad money" on cnbc? >> continue to believe what you do for investors is far more valuable than what most people give you credit for. thank you for refusing to be mediocre. last one "d
if you own splunk listen to the steve miller band. yes, go on, take the money and run before those shares hit the market. >>> time for tweets. we had quite a reaction to our day of atonement show on wednesday which really meant a lot to me many true cra-americans know i do the show for you and i work hard every day to try to do the right thing to help you and your family save. when i get these messages i got to redouble my efforts to ignore the haters and stay true to our mission here....
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Oct 3, 2012
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steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some pulse down here. there was a lot of social media, people got gaffed. any time you see new companies, you think, maybe i should stop shorting goldman sachs and maybe there is a sign of capital formation. p excellent show stopper yesterday. and mark cuban was so great and the destruction of the capital markets. cuban, cooperman, these guys are not idle thinkers. they are the best we have. and high frequency trading has destroyed a lot. >> and suggesting you tax intraday trades 50%, trades less than a minute, 100%, that would cut down on it in
steve jobs would fire tim cook. he would fire everyone involved in maps and he would berate them in front of everyone. he was not a nice man and yet everyone loved him anyway. >> lifelock posted a little below the range. maybe a little disappointment there. i might be able to see that. certainly one that we're going to watch, a big week for ipos, of course, one of the busiest. berry plastics tomorrow and pretty sizeable deals. >> and one of the things that we need to see is some...
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Sep 28, 2012
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i earlier said steve jobs would never apologize. in fact steve jobs apologized in the past. five years ago he apologized when he cut the price of the iphone back then $200 after it had only been out a few months. he apologized to the original buyers. apologies from the ceo at apple are not completely unheard of. >> what do you think, rob snert. >> my favorite tweet that's been out there. if you've ordered an iphone 5 shipment are being delayed because apple is forcing everyone to use apple maps to deliver them. that's what's going to be happening here. they'll get it together in the though.n it's going to take google's got a big head start. >> i postponed transferring over to the new operating system. >> me, too. >> i haven't bought mine yet. i'm in the clear. i'll get back to hq all by my little self. >>> 35 years after his disappearnce, a lot of folks still want to know apparently where jimmy hoffa's body might be buried. giants stadium, perhaps? a florida swamp? or as new reports indicate under a driveway in suburban detroit. now bob i'm going to start with you. there wer
i earlier said steve jobs would never apologize. in fact steve jobs apologized in the past. five years ago he apologized when he cut the price of the iphone back then $200 after it had only been out a few months. he apologized to the original buyers. apologies from the ceo at apple are not completely unheard of. >> what do you think, rob snert. >> my favorite tweet that's been out there. if you've ordered an iphone 5 shipment are being delayed because apple is forcing everyone to...
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Oct 3, 2012
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as steve kroft reported in 2009, many people believe it had more to do with wall street speculation than with oil companies. >> to understand what happened to the price of oil, you first have to understand the way it's traded. for years, it's been bought and sold on something called the commodities futures market. here at the new york mercantile exchange, it's traded alongside cotton and coffee, copper and steel by brokers who buy and sell contracts to deliver those goods at a certain price at some date in the future. it was created so that farmers could gauge what their unharvested crops would be worth months in advance, so that factories could lock in the best price for raw materials and airlines could manage their fuel costs. but in late 2007, that market started to behave erratically. and when oil doubled to more than $147 a barrel, no one was more suspicious than dan gilligan. >> we have to make sure that the futures market is an honest market. >> as the president of the petroleum marketers association, he represents more than 8,000 retail and wholesale suppliers, everyone from home
as steve kroft reported in 2009, many people believe it had more to do with wall street speculation than with oil companies. >> to understand what happened to the price of oil, you first have to understand the way it's traded. for years, it's been bought and sold on something called the commodities futures market. here at the new york mercantile exchange, it's traded alongside cotton and coffee, copper and steel by brokers who buy and sell contracts to deliver those goods at a certain...
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Sep 26, 2012
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one unbelievably good steve jobs biography, i would have told you how wrong that was. what else? how about for the sin of not forgiving cirrus logic for a miss right before one of the greatest runs i've ever seen. the sound component maker for apple. what a mistake that was. left a lot on the table. just as you can't be in favor of a component that doesn't have apple as a client, you can't bet against one that does. excuses after excuses after excuses for failure, that someone, ceo of miracle grow, don't come on a television and explain how the critics are all wrong and turn around and admit they're right by issuing a hard earnings report soon after. for the sin of thinking that a company had changed its stripes when it was only the ceo saying it had done so. that's what happened in devin energy, which i thought was becoming a much more oily company, but it's truly another natural gas play that wasn't ready for the glut. at least take it like southwestern energy which never pretended it was anything other than a nat gas company. for the sin about not believing in my own wrap by r
one unbelievably good steve jobs biography, i would have told you how wrong that was. what else? how about for the sin of not forgiving cirrus logic for a miss right before one of the greatest runs i've ever seen. the sound component maker for apple. what a mistake that was. left a lot on the table. just as you can't be in favor of a component that doesn't have apple as a client, you can't bet against one that does. excuses after excuses after excuses for failure, that someone, ceo of miracle...
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Sep 25, 2012
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steve liesman has more back at hq. good morning to you, steve. >> i might have an answer to that, but the poll of 800 americans across the country, we have been asking, is this a good time or bad time to invest in stocks? trying to get ordinary americans to weigh in on the market, not just investors. here's what the data shows. you still see pretty downbeat on stocks. the red line saying 48% of america thinks it's a bad time to invest in stocks. just down a little bit. only 30% say it's a good time. a little bump up in those, maybe some people are on the fence, but this chart tells you n general, what we think is that the retail investor has not participated in this rally. that's what i think the data is showing us right now. now we'll take another slice of this and look at what we call the financial elite. who are these people? we have incomes of at least 75,000 out of at least 50,000 in the market. what you see there is pretty much the reverse of the general public. 50% say this is a good time to invest in stocks. 34
steve liesman has more back at hq. good morning to you, steve. >> i might have an answer to that, but the poll of 800 americans across the country, we have been asking, is this a good time or bad time to invest in stocks? trying to get ordinary americans to weigh in on the market, not just investors. here's what the data shows. you still see pretty downbeat on stocks. the red line saying 48% of america thinks it's a bad time to invest in stocks. just down a little bit. only 30% say it's a...